Only 3% of advice practices are looking for a risk adviser to join them in 2012, according to a survey conducted by a financial planning recruitment specialist.<\/p>\n
The eJobs Financial Planner Principal Survey asked practice principals to identify the positions they would be most likely to recruit\u00a0in the coming 12 months.\u00a0 Only 3.1% nominated ‘Risk Adviser’, the lowest result of all the positions listed.<\/p>\n
Most likely to be recruited were ‘Administrators\/Client Service Officers’ (20.8%), and ‘Junior Paraplanners’ (20.8%), while 7.3% said they would look to recruit a ‘Servicing Financial Planner’ and 4.2% would hire a ‘Business Development Financial Planner’\u00a0.<\/p>\n
According to the survey, 47.7% of practices’ said they saw their level of employment remaining the same, indicating that the Future of Financial Advice (FoFA) reforms would have no effect on financial planning employment.<\/p>\n
However, while most practices anticipated no change or minimal change in their own practices, they expressed concerns about the wider industry.\u00a0 According to one respondent: “I see the industry contracting for a period especially as I see limited new entrants wanting to start up or buy businesses.”<\/p>\n
eJobs’ Trevor Punnett<\/strong> said the results of the survey indicated that ‘value for money’ would be an issue that all financial planning practices would have to grapple with and communicate effectively to their clients in order to survive both FoFA and the current economic climate.<\/p>\n “Despite its objective of increasing access to Financial Advice, FoFA appears to be increasing practice costs, will likely cause many practices to lose clients through its opt-in requirement, and appears to do nothing to encourage industry growth and employment,” he said.<\/p>\n","protected":false},"excerpt":{"rendered":" Only 3% of advice practices are looking for a risk adviser to join them in 2012, according to a survey conducted by a financial planning recruitment specialist.<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[8,3],"tags":[],"class_list":["post-14026","post","type-post","status-publish","format-standard","category-compliance-regulation","category-general","headers-new"],"_links":{"self":[{"href":"https:\/\/riskinfo.com.au\/news\/wp-json\/wp\/v2\/posts\/14026","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/riskinfo.com.au\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/riskinfo.com.au\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/riskinfo.com.au\/news\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/riskinfo.com.au\/news\/wp-json\/wp\/v2\/comments?post=14026"}],"version-history":[{"count":0,"href":"https:\/\/riskinfo.com.au\/news\/wp-json\/wp\/v2\/posts\/14026\/revisions"}],"wp:attachment":[{"href":"https:\/\/riskinfo.com.au\/news\/wp-json\/wp\/v2\/media?parent=14026"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/riskinfo.com.au\/news\/wp-json\/wp\/v2\/categories?post=14026"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/riskinfo.com.au\/news\/wp-json\/wp\/v2\/tags?post=14026"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}